Mutual fund industry's asset base rose to a fresh all-time high of Rs 15.6 trillion at the end of August, helped by strong inflows in income and equity segments

Mutual fund industry’s asset base rose to a fresh all-time high of Rs 15.6 trillion at the end of August, helped by strong inflows in income and equity segments. (PTI)

Mutual fund industry’s asset base rose to a fresh all-time high of Rs 15.6 trillion at the end of August, helped by strong inflows in income and equity segments.

The industry, comprising 42 active players, had an average assets under management of over Rs 15.2 lakh crore at July-end, which was also the previous high figure, the latest data of the Association of Mutual Funds in India (AMFI) showed.

Industry experts attributed the monthly rise in assets base to inflows in income and equity categories.

Besides, buoyant investor sentiment also helped in the growth of the assets under management, they added.